Definition of a 1031 Exchange Agreement A 1031 Exchange Agreement is a legally binding contract entered into between a taxpayer and a qualified intermediary (QI) who is designated as an exchange facilitator. The entire structure of the real estate transaction is set through the execution of an agreement that will outline the conditions under which…
Judicial Conduct and Law Practice Ownership To understand why it is generally considered improper for a judge to own a law firm, you must first understand the rules of judicial conduct. By way of example, a review of Rule 4.1 of the Code of Judicial Conduct, as promulgated by the American Bar Association, reveals that…
Getting Started With Legal Deadline Calculators A legal deadline calculator is a tool used by legal professionals to precisely calculate the due dates of specific case-related actions. Attorneys, paralegals, and other legal staff members utilize these calculators as an efficient resource in meeting the stringent timelines set forth by the law. They prove particularly beneficial…
What Exactly is a Postnuptial Agreement? A postnuptial agreement, also known as a marital or family property settlement agreement, is a type of contract made between spouses after they are married. It is an agreement in which the husband and the wife divide their property and decide other issues such as spousal support. It is…
Anatomy of a Medical Director Contract A medical director contract is a formal agreement between a physician and a healthcare institution that outlines the physician’s duties, responsibilities, and compensation for overseeing various medical and administrative functions within the organization. It serves not only as a detailed job description but also as a roadmap for governance…
Overview of North Penn Legal Services North Penn Legal Services has served low-income individuals in Pennsylvania since 1966. The organization is dedicated to "providing equal access to justice by providing civil legal services to low-income persons, preventing homelessness and mitigating the effects of poverty." North Penn Legal Services helps over 5,000 low-income people per year…
An Overview of PA’s Knife Laws PA knife laws are governed primarily by 18 Pa.C.S.A. Section 907, which states, in pertinent part as follows: (a) Offense defined.-A person commits an offense if he carries a firearm or knives, irrespective of length, concealed on or about his person or in a vehicle. (b) Exception.-Subsection (a) does…
What is a Court Statement? A court statement is intended to provide the judge with a succinct and complete review of the issues and the evidence necessary for a decision to be made. In most cases a court statement will need to be submitted prior to a court appearance in either the superior or family…
What Are Maryland’s Tinting Requirements? The rules governing the use of car window tint in Maryland are as follows:Windshield: Non-reflective tint is permitted above the manufacturer’s AS-1 line or above a point four (4) inches above the top of the driver and passenger side windows. A non-reflective tint strip is permitted above this line.Driver/Passenger windows:…
What Does Consideration Mean In Contract Law? Consideration is a key principle underlying the formation of a legally enforceable contract. In exchange for the promise made by one party, the other party must provide some form of consideration. Consideration can take the form of money, services or the surrender of a legal right which the…